Home Builder Sentiment Unchanged in November

According to the National Association of Home Builders Housing Market Index for November, builder sentiment was unchanged at a reading of 63. Readings above 50 indicate that a majority of builders are confident about housing market conditions. Readings for three sub-indexes used to calculate the Housing Market Index Readings for builder confidence in current market conditions and market conditions within the next six months were posted at 69. The reading for buyer foot traffic in housing developments was 47. Buyer traffic has not reached the benchmark reading of 50 since the peak of the housing bubble approximately 10 years ago.

NAHB Chair Ed Brady noted that survey information provided by most participating builders was gathered prior to the presidential election. Mr. Brady also noted that Housing Market Index readings have exceeded 60 for the past three months, which indicates slow but steady growth in housing markets.

Analysts: Builder Sentiment and Building Activity Inconsistent

While positive builder sentiment readings seem to contribute to stronger housing markets, analysts pointed out that housing starts are not consistent with high builder sentiment levels. Reasons for fewer home starts than the Housing Market Index suggests include approaching winter weather and ongoing shortages of labor and buildable lots.

Real estate pros count on building more homes (and building them faster) as the only solution to tight supplies of available homes and rising demand. These conditions create highly competitive markets that present obstacles to moderate income and first time home buyers. NAHB said that rising incomes, expanding labor markets and relatively low mortgage rates are fueling demand for homes. While mortgage rates have remained near historic lows, home prices have risen quickly in high-demand areas. This creates affordability challenges for home buyers, who also face strict home loan approval requirements.

3 Month Rolling Averages Show Regional Confidence Readings

NAHB reported its three-month rolling averages according to four regions included in Housing Market Index readings. The Northeast reading was 45; the Midwest region’s confidence reading was 58 and the Southern region reported a reading of 66. The West, which includes high-demand metro areas such as Portland, Oregon and San Francisco, California, had a November builder confidence reading of 77.

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4323 N 129th Drive Litchfield Park, AZ 85340

$675,000

5 Beds

3.5 Baths

4,623 SqFt

Status Active

MLS # 6732968

Property Type Single Family Residence

Price Type --

This palatial estate in the exclusive Bel Fleur gated community is a must see! Within the 4,623 sq ft of this vast home, you will find 5 bedrooms, 3.5 bathrooms, a luxurious open kitchen, separate formal living and dining spaces, a sizable family room, and a spacious loft. The home features ample natural light, soaring ceilings, 3 fireplaces, new A/C units in 2023, and tasteful touches throughout. The primary suite is located downstairs, with double sinks and separate tub/shower in the bathroom, and an expansive walk-in closet. The 3 car garage has abundant space. The home backs to common area and offers a quiet retreat from the city while still being just a short drive to the Wigwam, golf, restaurants, parks, schools, and everything that Litchfield Park has to offer. Priced to sell now!

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171 W Flagstone Place Casa Grande, AZ 85122

$675,000

3 Beds

3 Baths

2,753 SqFt

Status Active

MLS # 6699795

Property Type Single Family Residence

Price Type --

AMAZING SINGLE LEVEL HOME IN DESIRED COYOTE RANCH SUBDIVISION!! WALK INTO A LARGE FORMAL LIVING/DINING ROOM WITH BEAUTIFUL VIEW TO THE RESORT LIKE BACKYARD.SPACIOUS KITCHEN INCLUDES STAINLESS STEEL APPLIANCES,NEW WALL OVEN/MICROWAVE, GRANITE COUNTERTOPS, HUGE ISLAND AND R/O WATER SYSTEM IN KITCHEN. WATER SOFTNER AND CENTRAL VAC. SPACIOUS MASTER SUITE WITH LARGE WALK-IN CLOSET AND DOOR THAT EXITS TO EXTENDED COVERED PATIO. BEAUTIFUL MASTER BATH WITH GLASS BLOCK SNAIL SHOWER, DOUBLE VANITY, SEPARATE TUB AND PRIVATE TOILET. HUGE LOW MAINTENANCE LUCIOUS BACKYARD WITH DESIGNED DESERT LANDSCAPE. EXTENDED COVERED PATIO. NEWLY REPLACED POOL EQUIP & REFINISHED AMAZING POOL WITH ROCK FOUNTAIN IN THE POOL, WATERFALL AND ROCK FORMATION WATER SLIDE.

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1698 E Adelante Way Queen Creek, AZ 85140

$675,000

2 Beds

2 Baths

1,949 SqFt

Status Active

MLS # 6715981

Property Type Single Family Residence

Price Type --

Heavily upgraded Home on Premium Lot shows like a Model. No neighbors behind, and east side borders common area. Home includes a Living Room, Family Room, Dining Room, and enclosed backyard patio Bonus room w/ electronic screens to frame it as a 2nd family room space - complete with 15-foot retractable glass patio door. Massive kitchen with excess storage and breakfast bar island. KitchenAid SS Appliances. Oversized laundry room connects to kitchen and includes front loader W/D. Expansive Master Suite w/ his/her vanities and 2 walk in closets. Plantation shutters throughout. Wood and Tile floors throughout. OWNED Solar Panels. Tankless Gas water heater. Full Home Water Purification & Softener. Ceiling speakers in 4 separate rooms set for receiver. Backyard gas BBQ & Fire pit

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14971 W Pinchot Avenue Goodyear, AZ 85395

$675,000

3 Beds

2.5 Baths

2,810 SqFt

Status Active

MLS # 6736779

Property Type Single Family Residence

Price Type --

ALL the major items replaced!! Complete Roof replacement 2020. New Induction cooktop. Bosche dishwasher,Washer/Dryer LG approximately 6 yrs young, HVAC 2-zone w/filtration system (Trane)12 yrs. Hot Water heater 2022. OWNED SOLAR 48 panels, 7.8 kW! Home offers fantastic spaces for all! As you enter you will be greeted with a spacious foyer and 2 flex rooms with vaulted ceilings and large windows allowing natural lighting to shine in! Kitchen offers a phelora of cabinets and counter spaces, informal eating area, open to the space great room with a wall of shelves and even a library ladder, and both areas have easy access to the outdoor living area and heated swimming pool with water feature. Covered patio with additional pergola!! Extensive LED landscape lighting both (click more) in both back and front yard. Home offers 2 bedrooms with private bathrooms and another guest room. Primary bedrooms presents 2 walk-in closets, bath with separate shower/bathtub, dual sinks and linen closet! Laundry room w/LG appliances, built-in cabinets and counters, and additional space for perhaps an extra fridge? 3 full car attached garage. Lots of potential and great back /side yard. PebbleCreek is an award winning Active Adult Commuity with something for everyone to enjoy! 3 Golf Courses, Pickleball, tennis, Indoor/outdoor swimming pools, restaurants, fitness centers, and so much more! Be sure to put this home and community on your must view list!

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823 W Clay Avenue Flagstaff, AZ 86001

$675,000

6 Beds

2.5 Baths

2,422 SqFt

Status Active

MLS # 6738092

Property Type Single Family Residence

Price Type --

ATTENTION ARTISTS, INVESTORS, & SMALL BUSINESS OWNERS! Looking for the perfect work life balance? This super cool 6 BD 2.5 BR home in Old Town Flagstaff checks all the boxes! Zoned Highway Commercial, this mixed-use property provides a perfect place to call home while doubling as a workspace in the center of the busiest traffic corridor in Flagstaff. The nearby university and high-density residential areas pack in foot traffic to and from NAU. Clay Ave is a well known ''back street'' for motorists looking for a quick route from Butler or Milton to Route 66 and back. Tucked away from the hustle, but still in the heart of it all! The main level opens into a sizeable mud room that gives way to the main living room and guest bathroom. Through the kitchen, you'll find a second living space, flanked with a ¾ bathroom, laundry room and back bedroom with exterior access to what could be a parking lot area. At the center of the building, stairs lead you up to 4 unique bedrooms featuring built ins, a dormer window, and a full, separate bathroom. At the base of the stairs, the final 6th bedroom awaits, each with authentic wood floors serving the historic value of this home. Pine bead board, craftsman style windows, cottage glass doors, shiplap walls, nooks and crannies...this old soul house is as far away from millennial gray as you can get! Don't miss this one of a kind opportunity to own a true piece of art. Research the Downtown Mile Project for more area developments!

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15151 N 100th Way Scottsdale, AZ 85260

$675,000

3 Beds

2 Baths

1,691 SqFt

Status Active

MLS # 6745447

Property Type Single Family Residence

Price Type --

[Motivated Seller] This charming single family Residence in Mirada at Scottsdale Horizon (subdivision) backs to the Central Arizona Project Canal and is surrounded by mature trees. Travertine tile floors and baseboards; laminate floors in great room off the kitchen; maple cabinets, granite tile countertops, stainless steel hardware, sink & appliances, open design kitchen with breakfast bar; large, master bath with soaking tub, (tumbled stone surround) and shower w/glass doors, dual vanities and two master closets. Sliding door to covered patio and extended seating area. Private back yard with mature landscaping and oleander trees along the perimeter.

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7514 E Wolf Canyon Circle Mesa, AZ 85207

$675,000

3 Beds

2.5 Baths

2,150 SqFt

Status Active Under Contract

MLS # 6751270

Property Type Single Family Residence

Price Type --

Nestled on a premium oversized cul-de-sac lot, this beautiful home offers spectacular views and an exceptional lifestyle in the prestigious gated golf community of Las Sendas and within easy walking distance of the Golf Club, Restaurant and Club House. Backing to a wash, this rare gem features 3 bedrooms plus a loft,2.5 bath and a 3-car garage. The soaring vaulted ceilings create an open and bright floorplan, perfect for entertaining family and friends. The formal living and dining rooms flow seamlessly into a well-appointed kitchen, complete with granite countertops, a gas stove, and a charming breakfast nook that opens to a cozy family room with a gas fireplace. The spacious primary suite is a true retreat, with an elegant bathroom featuring dual sinks, a soaking tub, and a separate shower. Step out onto the expansive walkout deck to take in the breathtaking views that make this home truly special. Imagine starting your day with a cup of coffee, watching the sunrise as it shimmers across the mountains, or ending it with breathtaking sunsets and city light views The backyard is an oasis of relaxation and entertainment, complete with a covered patio, sparkling salt water pool and spa with a water feature, a putting green, mature landscaping, fruit trees, and a large grassy area. NEW AC UNITS 2021. NEW SALT CELL 2024. Las Sendas offers resort-style living and amenities, including a championship golf course, hiking and biking trails, heated pools and spas, tennis and pickleball courts, sports courts, bocce ball, playgrounds, a splash park, clubhouse, spa, fitness center, and more. Conveniently located close to shops and dining just 20 minutes from Sky Harbor and Gateway Airports, Scottsdale, and only 15 minutes to Saguaro Lake and the Salt River. Don't miss the chance to make this hidden gem your own and experience the unparalleled lifestyle that Las Sendas has to offer.

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19025 W Becker Lane Surprise, AZ 85388

$675,000

3 Beds

2.5 Baths

2,510 SqFt

Status Active

MLS # 6755462

Property Type Single Family Residence

Price Type --

Mountain Views & Pool Oasis in a Spectacular Location! Seller concessions available with written offer! From the first step inside this meticulously kept single-story home, revel in its beauty both inside and out! Loaded with high-end features, it's a MUST SEE corner lot, spacious floor plan with 3 bedrooms, PLUS DEN & separate TEEN ROOM, 2.5 bathrooms & gourmet chef's kitchen. Nestled near the White Tank Mountain Regional Park, enjoy a beverage while floating in the sparkling pool, watch the BREATHTAKING sunset over the MTS & the stars glistening overhead. Entertain both indoors and outdoors through the extra wide sliding glass door as music plays through the surround sound system. Walk/bike from the front door into 30,000 acres of trails in the park, golf 10 local courses within 10 miles, shopping, dining and entertainment nearby, PLUS more opening soon! Community offers several parks, 3.5 mile trail, & A rated schools! Revel over the $100K in upgrades such as 9 ft ceilings, 2 pantries, oversized kitchen island w/breakfast bar, SS appliances, designer hood vent & 5-burner gas range, double wall ovens, feature tile backsplash, modern light fixtures, primary bathroom with double sinks, floor-to-ceiling tiled large walk-in rain shower, walk-in closets in every bedroom, double sinks in 2nd bathroom and walk in shower, gorgeous luxury vinyl flooring, extended gate on side of yard, large private lot, and much more! Make your offer today!

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25826 N 20th Lane Phoenix, AZ 85085

$675,000

3 Beds

2.5 Baths

2,567 SqFt

Status Active

MLS # 6707703

Property Type Single Family Residence

Price Type --

Welcome to this extensively upgraded 3 bed 2.5 bath home in the best location in Union Park at Norterra a master planned community! No expense was spared when it came to upgrading this home! Situated on the best lot overlooking an expansive green space with ramada. Dog park & playground are a short walk away! As you step through the front door, you're greeted by an abundance of natural light illuminating the spacious open-concept living area with wood look tile. The gourmet kitchen boasts built in appliances, gas cooktop, quartz countertops, Double stacked cabinets, & a farmhouse sink making it a culinary haven for both cooking enthusiasts & entertainers alike. Upstairs you'll find a spacious loft, laundry room, & a split floor plan for privacy. Enjoy your immersive finished with an earthy vibe of natural travertine tile, custom stained wood wall art, & low maintenance synthetic grass. This is the perfect low maintenance home with the HOA maintaining all of the grounds outside of your backyard! Union Park at Norterra offers an array of resort-style amenities, including a heated community pool, kiddie splash pad, pickleball, basketball, parks, playgrounds, a 5,500sq ft community center with activities providing endless opportunities for recreation & relaxation right at your doorstep. With convenient access to Taiwan Semiconductor Manufacturing Company (TSMC) plant, walking distance to shopping, dining, top-rated schools in the Deer Valley School District, & major freeways like the i-17, 101, & 303, this home truly offers the best of both worlds, a peaceful retreat with urban convenience! Don't miss your chance to experience luxurious living in Union Park at Norterra. Book your private tour today & make this dream home yours before it's gone!

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15492 W Campbell Avenue Goodyear, AZ 85395

$675,000

5 Beds

3.5 Baths

3,900 SqFt

Status Active

MLS # 6755869

Property Type Single Family Residence

Price Type --

Basement homes are not synonymous with Arizona. Welcome to Palm Valley Living at it's finest! This well appointed home has 5 bedrooms 3.5 bathrooms with 3900 sq ft for your enjoyment. 3 car garage and a neutral pallet makes this one a winner!

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5235 W Davis Road Mcneal, AZ 85617

$675,000

4 Beds

3 Baths

1,414 SqFt

Status Active

MLS # 6655794

Property Type Single Family Residence

Price Type --

Old World Charm near Tombstone! This 144 acre ranch has tons of elbow room and boasts a 1938 homestead residence featuring 1414 square feet of living space with 2 bedrooms and 1 bath. In addition there are two, 495 square foot studio/casitas with full kitchens and baths. This property is perfect for a horse operation and has a 150 x 300 roping arena and cattle pens, a 150 foot round pen, a 60 foot round pen as well as working corrals, 10 stalls and a Mare Motel! The combined 144 acres is divided into 5 pastures with water! The property is ideal for a working ranch, or a compound! The owner would consider carrying terms with a substantial downpayment!! Don't put off your plans to own a ranch/horse/cattle operation and come see this exceptional property.

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7326 E Keim Drive Scottsdale, AZ 85250

$675,000

3 Beds

2.5 Baths

2,343 SqFt

Status Active

MLS # 6726495

Property Type Single Family Residence

Price Type --

Welcome to this stunning 3-bedroom, 2.5-bath home with 2,343 sq. ft. of living space in the heart of Scottsdale. This residence boasts a spacious great room floor plan with vaulted ceilings and gorgeous exposed wood beams, creating an open and airy ambiance. Oversized windows flood the home with natural light, complemented by plantation shutters on all windows for added privacy. The updated kitchen features granite countertops, a breakfast bar, and modern cabinetry, perfect for both everyday meals and entertaining. The living room, with its cozy fireplace, is an inviting space to relax and unwind. French door shutters lead to the backyard, where you'll find a shimmering pebble tec play pool with water features, providing a resort-style feel and low-maintenance enjoyment. The primary suite is a luxurious retreat with a en-suite bathroom with a french door entrance, dual sinks, a vanity sitting area, a jetted soaking tub, and a walk-in shower. The custom-built walk-in closet is designed for convenience and style, matching the vanity in the bathroom. This property also includes a 2-car garage and is located within a gated community, perfect for lock-and-leave living. The mature landscaping and front yard maintenance provided by the HOA add to the Briarwood neighborhood's style and elegance. Situated close to Old Town Scottsdale, Camelback Mountain, and the Scottsdale Resorts Corridor, you'll have easy access to premier shopping, dining, and recreational activities. Enjoy nearby Fashion Square Mall, Houston's, Fogo de Chao, Blanco Taco & Tequila, and more. Experience the best of Scottsdale living at 7326 E Keim Drive, where comfort, convenience, and style await you! This home is on a land lease. Please see HOA Fees for the lease fee per month!

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